GOL secures guarantee for engine financing
SÃO PAULO – GOL Linhas Aéreas Inteligentes S.A, the main Brazil’s domestic airline, announces that it has received approval to access a newly developed credit insurance policy structured with the direct support […]
SÃO PAULO – GOL Linhas Aéreas Inteligentes S.A, the main Brazil’s domestic airline, announces that it has received approval to access a newly developed credit insurance policy structured with the direct support of the Executive Secretariat of the Chamber of Foreign Trade (SE-Camex) and backed by the Export Guarantee Fund (FGE).
This credit insurance policy can be used to enable maintenance services provided exclusively in Brazil by the GE-Celma MRO maintenance unit, supporting the local economy of Petrópolis, in the metropolitan region of Rio de Janeiro, and allowing GOL to seek third-party credit lines of up to US$ 209 million to finance the maintenance of its CFM56-7B engines.
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